Oil prices surged 8% after OPEC+’s surprise output cut. CNBC’s Dan Murphy and Hadley Gamble report.
Oil jumps as OPEC and its allies announce a surprise output cut
- Update Date：
- Post Date：
- Tags
Oil prices surged 8% after OPEC+’s surprise output cut. CNBC’s Dan Murphy and Hadley Gamble report.
OPEC+ is responding to all the US and EU threats of price caps. OPEC+ is saying, “Cap this!” It’s 100% push back.
WMDs in Saudi
I Agree with your statement, sir. Probably, there are many tension between OPEC+ (or members of OPEC+) with U.S and E.U 🤒😢😢🙏. Because I’ve just seen and heard some news reporting this news like on Al Jazeera English channel, Bloomberg television channel, Wion channel, CNBC television channel, CNA channel, and this channel. 😢🙏
Replacd US threats with DEMOCRAT Goverment threats
@@Bruce991 2.3 billion Muslim give USA freedom of Death 😎
Just like Musa (Mosses) give to bani Israel 😁
With the further development of BRICS, we’re seeing the next steps in the downfall of the US and EU.
Why tf is Hadley Gamble still in trash-hole Abu Dhabi and not NYC?! Come on CNBC…
Kissing “his royal highnesses” south side.
Because of the taxes?
The House of Saud exists at the United States’ grace & favor but the new young buck seems to have lost the memo. Things are going to get very interesting.
Love it!
Transfer of wealth from usa-eu to ukraine , 🇨🇳 China, Russia. Saudi Arabia
Never bet against the US, we might struggle for a bit but we always overcome any adversity.
@@luisgutierrez310 will see will see
@@luisgutierrez310 it’s time for the US to struggle a bit
@@luisgutierrez310 dude thats when you face smaller nations, you’ve never had to deal with a country like China before. The only type of war you could possibly win against china is a military one. They out do you in trade, out smart you in foreign policy. America is dead in the water.
I hope this spurs a huge buying spree of EVs. The cheap gas in the US has kept Americans in lousy low MPG vehicles.
I like this. Americans won’t get off oil if they aren’t forced to.
Vegetarians and LGBT…. think like that too ….but they end up letting men play in girls sports and take the trophies from girls 🤣.
Good for you.. Have you seen how good Saudi Arabia and Russia are.. They are trying to make you use the green energy that you have been talking about for decades.. Until you do it, give us your money and shut up
🇷🇺❤️🤍💚🇸🇦😂
“They are doing what they are supposed to, make the market stable” – Can you elaborate on that?
Stabilize my ass. Opec does nothing when oil prices surge
Ok ties into the subterranean desertification caused by the removal of thermal protective substances.
The core heat then gets to surface causing all sorts of issues.
That heat loss from core then changes the magma viscosity and thus the observation you have made.
That heat especially changes the tropical currents causing the meteorologic extremes.
The emissions greenhouse gases the leaders try to download the responsibility to future generations.
This removal of our reflection shield pools of crude oil being the purpose in our spacecraft Earth Ark..
Well the cost of so called fossil fuels is much greater knowing this!
Not Surprise at all
Fed Hawkish = OPEC Hawkish
Fed Dovish = OPEC Dovish
High demand more output ,Low demand less output
The issue is NATO can’t figure this
No Sport, this not the Fed. American Shale Oil output from the refineries are increasing and is flooding the market. So you going see price drop even though OPEC cut production. China and India cannot absorbe more oil right now.
@Valentina Allegra de Fontiane same , too much Oil in market then OPEC hawkish
@@Madame702 Brandon dumped millions of barrels from the strategic oil reserves in the market to bring prices down. He’s jeopardizing the USA energy security.
Putin is making America great again,lol😮
no hes making America green as Joe Biden wanted 😂😂
More like Biden and Dems.
No Sean, America Shale oil producers are over producing take advantage of the high oil. They are flooding the market and OPEC has to cut their production to keep price up. Your going to see oil prices keep dropping. Capitalism 101 producer over produce and crash the market. You did study Karl Marx did you.
@@kalin3430 now Joe Biden will be green as well
WHY BIDEN HAS TO BE THE LORD WHY ??? CANT ANY COUNTRY DO DECISIONS ACCORDING TO ITS COUNTRY IF BIDEN WANTS TO INVADE IRAQ IRAN SYRIA AFGHANISTAN VIETNAAM BOMB JAPAN CIVIL WARS IN THE WHOLE WORLD MAKING MONEY IN WARS TOPPLING OF GOVT DESTROYING MILLIONS OF PEOPLE DOES BIDEN OR US ASK ANY ANYONE ?
Bravo OPEC+ you are right to do so, showing the West that you make the prices not the bully Usa!!!
US ain’t a bully. US leaders are sore loosers, Saudi don’t respect this goverment.
It’s over for usa and the west the future is so dark for them
No Mica, you got backwards your seeing America ramping up it production of Shale oil. Which mean demand for OPEC oil is falling. This a problem for Russia and Saudi Arabia. China is really hurting America is moving it factories back to America, Mexico, Colombia, and Chile. We seeing absolute economic BOOM in these countries.
Oil is priced in USD (petrodollar), USD is depreciating hence higher oil price. simple economic 101. US oil companies would not increase supply because that would drive down oil price. So who can you blame? What Americans need is to nationalize the oil industry once for all.
These greedy dogs don’t want to hear that..
No War, you forgetting America Shale oil production and refinery is increasing in output. While China and India can not take more oil. So oil demand is dropping we seeing “Deflation”. You got be more aware what is going.
@@Madame702 deflation? You kidding me? China produce 4million barrels from their own domestic oil industry. Saudi lower the output to maintain the oil price. Remember last year when Joe Biden used the US strategic oil reserve to manipulate the oil price, well he promised the Saudis US would buy back the oil but now US just back out of the promise. They are mad in return they lower the output to spike up the oil price. Besides why would they sell their limited natural resource in forever depreciating USD. PetroDollar is about get replaced with petroYuan. Be prepared for some hyperinflation coming.
Pump your oil, flooded d market.. Climate change is just a fear not real,
Winter is coming
Why does every world leader hate Joe Biden
President Biden does nothing. He’s useless.
Oil cut + de dollarization biden’s nightmare😅
Bidens a puppet, he doesn’t know whats going on, just a talking mindless old man
I think at the moment Biden’s worst nightmare is waking up in shit.
😅😅😅
Well done .
This is what happens when you work with evil.
Opec will defend certain levels Always
No Luca we seeing to much American Shale oil being refined. It going to get worse as America starts to over produce oil. We see a glut in the market. OPEC will be forced to over produce. We going see another drop in prices soon.
These trolls are defending OPEC. Oil is as necessary as water in the US. The SA fucked up.
😢
Looks like Russia is isolated on the world stage🙄
I don’t think so 😆
guess what, it is their oil, not ours…tough sh*t…
Like to see the end of Anglo Saxon hegemony 😂😂😂.nice to see Asian and African societies and it’s leaders tell western white colonialist should mind there own business 🤣🤣🤣
Cry babies
The U.S. is producing more oil than ever before, the U.S. gets most of its oil from Canada, fuel prices shouldn’t be so high, this is all bullshit
Bite ur Heart now glad that the western arrogance and sanctions are coming to an end soon the dollar will collapse and just like u destroyed many countries it’s ur turn now and everyone will pay the price (who lives by the Sword dies by it)
And u want to go green right ?
Leave Saudi Arabia and make amens with Venezuela and get out of middle east let Saudi Arabia protect them selfs
We not in Saudi Arabia, Mario. America has all the oil it needs. You see we have Shale oil in America and with new technologies we don’t need Middle Eastern oil. Venezuela stole all their money it called corruption, that money was suppose to be reinvested in new oil wells and new technologies but well corruption is rampant in Venezuela.
We do and if the U.S protect us we paid them 😂
Remember that Venezuela they are part OPEC
I think regime change is coming to Saudi Arabia 🙂
Biden is done. why CNBC don’t point out why Biden change his mind about pumping more oil in USA???
Saidi arabia childish MBS trying to back the Russian dictator and agitate the democratic west! Saudi Arabia has to pay the price for siding with the Russian killers
The best thing Biden can do now is stop poking the bear’s eyes / stop that proxy war in Ukraine. The world’s economy is based on 🛢 OIL. Second, It’s time for the US to recognize the other big players on the table and work with them.
drill your own oil 😂
BAD policies got us on the highway to hell the pedal is to the metal in Satan’s mobile and there is no off ramp
Thanks for depleting our national reserves you feeble old fool!
Well, Biden tore up Trump’s keystone pipe line. So guess we just are dependent on others.
The usa F around and Find out!! 😂 and now crying!!
No Frank, what CNBC didn’t tell is that American Shale oil is starting to flood the market.
that is a bull shit lie Google keystone and you’ll see it is still in use
Countries tired of being bullied.
Inflation will raise 😂😂😂 U.S demand for oil is huge. Enjoy your poverty.
The west are taking on the developing resource rich nations. War is inevitable. The west will fight for survival
US and West are evil and must be charged with war crimes.
The US and Western countries are hypocrite who behave like Mafia. They lie, spread fake news and false accusations, fund chaos and create wars just to try to contain China progress by all means. Remember when they lied about Iraq having weapons of mass destruction and invaded Iraq that caused millions of life lost or displaced. They’ve lost their dignity and shameful that they’ve stood so low. The US must be charged for war crimes based on all the wars they’ve created throughout history.
Few months ago this anchor was in that CIA funded Reuters, Now she is in democrat party spokesperson NBC.
Just saying. looks like there is a lot of flexibility for media parrots.
Both sides of the isle, My ass NBC,CNN,NYT daily make announcements in there media that republicans are Terrorists and captured entire media and Turned USA in to one party democracy.
Now want help. First build the border wall. Everything can wait.
Perhaps Biden will keep pissing off MBS and he’ll enforce an embargo ⛽🛢️
This oil cut from OPEC+ is a big opportunity for all oil companies who want to increase oil production and win the market share. Ban crude oil from OPEC+ and let go on energy transition as COP or IEA plans are. This will save the Earth from global warming. Phase out fossil fuel and replacing with renewable is easy task, The world has advanced technologies for decades and more advanced are reported. Benefit and phase out not 1.15 mm bbl/d but 9 mm BOE/Day and within 27 years peoples will celebrate net zero and cheep abundant clean energy.
Who blew up the pipelines that gave better gas prices to EU? And then sell them 4 + higher price gas? Who needs enemies with friends like that! Shush USA. You own nobody and no one else oil. You’ve stole enough from Iraq and Syria .. leave us alone.
USA needs to take out royal families
the only thing the US will take is up the ass HAHAHAHA
Smile more sir! Smile more!
bidens DemonRats will see Americans onto the promised Land, of soup lines & poor camps
OPEC member alone have 90% World Oil reserve. Plus BRICS Nation. How devastating the west will fall. The world is tired of the West. Time to show where they place is.
Surprise ? Only to a clown would be surprised . That greatest genius to ever live Biden comes into office and decimates energy infrastructure in this country ! Anybody with half a brain realizes that opec is a competitor .
Why should they work harder to sell their product cheaper ?
Dysfunctional democrats will destroy the country . They are fools with fancy degrees .
Its sad that we have such weak and feckless administration that other countries can pull its strings, but that’s what you get when you value diversity over competency. Putin is financing his war with the price of oil, he made plans after Mr Magoo attacked the U.S. energy sector on his first day in office. The U.S. and Canada could end the conflict in 6 months or less without firing a shot if they went to a war production footing on fossil fuel and flooded the market with cheap oil. The Ukraine conflict is heating up, cheap oil and gas could stop it.. Many who support Bi dumb to save the planet and get loans transferred may just get draft notices instead.
OPEC “axis of greed” money is thier god.
🤣🤣🤣🤣
The Kingdom of Saudi Arabia needs more democracy. The US, Britain and Australia should help.
Let the United States of homosexuals try to bring democracy to Saudi Arabia.
Then muslims worldwide will declare war on usa and its allies. Think before saying illogical words !
This is why no one takes the US media seriously anymore. Instead of objective journalism they protected the Biden administration saying “the Adults are back” last year. It is clear Saudi Arabia and JPN (both who used to be strong US allies) are walking away from the US. Failed foreign policy by the current administration. Western media is trying to be honest and unbiased now.. what a joke.
👏 👏
I’ll let the millennium generation worry about it.Need them to go out there and work harder need to Have them pay more taxes seniors need them to work harder.
This manual interference has nothing to do with market economy. Just a typical cartel deal. Hopefully, the days of these petrocountries, which are mostly oppressing dictatorships and sometimes terrorists are over.
The motorcycle shops are laughing all the way to the bank and the car companies are just shit out of luck.